ECON 311
Fall 2012
Instructor: Elif Akbostanc
T. A. : Ezgi elik
PROBLEM SET 1 (CHAPTER 4)
A. PROBLEMS
1) Suppose you are a civil engineer and you are offered a building project. The project will last four
years and the benefits and costs of the project in
ECON 311
Fall 2012
Instructor: Elif Akbostanc
T. A. : Ezgi elik
PROBLEM SET 1 (CHAPTER 4)
A. PROBLEMS
1) Suppose you are a civil engineer and you are offered a building project. The project will last four
years and the benefits and costs of the project in
ECON 311
Fall 2012
Instructor: Elif Akbostanc
Teaching Assistant: Ezgi elik
PROBLEM SET 2
(CHAPTER 5)
DISCUSSION QUESTIONS
1) Discuss the following statements are true or false.
a) In the figure below, the factor responsible for the decline in the interes
METU, FEAS ECON 311 Elif AKBOSTANCI Homework I (Due back on October 26, 2009)
Fall 2009
Late returns will not be graded. Please clearly show your calculations and be neat! Make sure that the homework you returned is your own work! 1. Suppose that you are
METU, FEAS
ECON 311
Elif AKBOSTANCI
Fall 2012
Answer Key for Homework I
1. How long will it take an economy to double its real national income, if it grows
%8 annually? How long will it take an economy to triple its real national income
at the same growth
METU, FEAS ECON 311 TA: Nutiye Sekin SA: Hatice pek Inst: Elif Akbostanci PROBLEM SET VI The Demand For Money
Fall 2009
1. Suppose the money supply M is 200 and the nominal GDP is 4000. What is the velocity? Assume the money supply grows by 10%, but the v
METU, FEAS ECON 311 TA: Nutiye Sekin SA: Hatice pek Inst: Elif Akbostanci PROBLEM SET III 1. What factors affect interest rate that is paid on bond?
Fall 2009
2. Explain the reason behind the spread between the interest rates on bonds of the same maturity
Appendix 2 to Chapter
14
The M2 Money
Multiplier
The derivation of a money multiplier for the M2 definition of money requires only slight
modifications to the analysis in the chapter. The definition of M2 is
M2 = C + D + T + MMF
where
C = currency in circ
MONEY AND BANKING
Ranjit Dighe
Lecture notes to accompany Mishkin's Chapter 16 ("Determinants of the Money
Supply")
* In these notes:
I. The real-world money multiplier
II. The real-world money multiplier and the size of the money supply
I. THE REAL-WORLD
METU Department of Economics
ECON 311 Monetary Theory and Policy
Spring, 2017
Instructor: Elif AKBOSTANCI
T. A. :
Nurbanu HUYUGZEL
PROBLEM SET 7
(Bonus Homework: 4, 5 & 6. Questions till June, 1 at 18:00)
1. Discuss what happens to Rs or Rd when the disco
METU
FEAS
ECON 311
Elif AKBOSTANCI
Spring 2017
Homework II
(Due back on May2, 2017)
1.
Given the following monetary aggregate data: (All data are in billions of TL)
D= 750 (Demand Deposits)
M1= 1050 (Narrow Money Supply)
ER= 1 (Excess Reserves)
MBN= 376 (
METU
FEAS
ECON 311
Elif AKBOSTANCI
Spring 2017
Homework III
(Due back on May 22, 2017)
1. Consider the market for reserves and initially suppose that the FED does not pay interest on
reserves. At the same time the federal funds rate is lower than the disc
METU Department of Economics
ECON 311 Monetary Theory and Policy
Spring, 2017
Instructor: Elif AKBOSTANCI
T. A. :
Nurbanu HUYUGZEL
PROBLEM SET 8
1. Answer the following;
a. Define the goals of monetary policy besides price stability.
b. What is the link b
METU Department of Economics
ECON311 Monetary Theory and Policy
Fall Semester 2016-2017
Instructors: Elif Akbostanc
TA: Deniz Plevneli
Problem Set III Solutions
Q1. If the yield curve looks like the one shown below, how are investors expecting shortterm i
METU Department of Economics
ECON311 Monetary Theory and Policy
Fall Semester 2016-2017
Instructors: Elif Akbostanc
TA: Deniz Plevneli
Problem Set VII Solutions (Mishkin Chapter 26)
Q1. Answer the following questions about monetary transmission mechanism.
METU Department of Economics
ECON311 Monetary Theory and Policy
Fall Semester 2016-2017
Instructors: Elif Akbostanc
TA: Deniz Plevneli
Problem Set V with Solutions
(Chapter 15)
Q1. What effect might a financial panic have on the money multiplier and the m
METU Department of Economics
ECON311 Monetary Theory and Policy
Fall Semester 2014-2015
Instructors: Elif Akbostanc
TA: Deniz Plevneli
PROBLEM SET IV
(Mishkin Chapters 11, 14)
PART A. PROBLEMS
1- Your bank has the following balance sheet:
ASSETS
Reserves
Monetary Policy Goals
Strategy and Tactics
ECON 311
Elif Akbostanc
1
The Price Stability Goal and
Inflation
Price Stability is perceived as low and stable inflation
and viewed as the most important goal of monetary
policy in the recent years.
Down sides o
METU Department of Economics
ECON 311 Monetary Theory and Policy
Spring, 2017
Instructor: Elif AKBOSTANCI
T. A. :
Nurbanu HUYUGZEL
PROBLEM SET 4
(Bonus Homework: 7, 8 & 10. Questions till April, 19 at 17:00)
1. When the reserve requirement is 20 percent,
METU Department of Economics
ECON311 Monetary Theory and Policy
Fall Semester 2016-2017
Instructors: Elif Akbostanc
TA: Deniz Plevneli
Problem Set VI Solutions (Mishkin Chapters 16,17)
Q1. Discuss how the following changes affect the federal funds rate?
a
METU, FEAS
ECON 311
Fall 2012
Inst: Elif Akbostanc
TA: Ezgi elik
PROBLEM SET 3
(CHAPTER 6)
A. DISCUSSION QUESTIONS
1) Suppose that you have both treasury bonds and corporate bonds that you have bought with the
same prices. When the corporate profits falls
METU
FEAS
ECON 311
Elif AKBOSTANCI
Fall 2012
Homework II
(Due back on November 29, 2012)
Late returns will not be graded. Please clearly show your calculations, and mark your diagrams. Be
neat! Make sure that the homework you returned is your own work!
1.
METU
FEAS
ECON 311
Elif AKBOSTANCI
Fall 2012
Homework III
(Due back on December 12, 2012)
1.
Given the following monetary aggregate data: (All data are in billions of YTL)
C= 300 (Currency in Circulation)
DD= 750 (Demand Deposits)
TD= 2030 (Time Deposits)
METU, FEAS
ECON 311
Elif AKBOSTANCI
Fall 2012
Homework I
(Due back on November 8, 2012)
Late returns will not be graded. Please clearly show your calculations and be neat! Make
sure that the homework you returned is your own work!
1. How long will it take
ECON 311
Fall 2012
Instructor: Elif Akbostanc
Teaching Assistant: Ezgi elik
PROBLEM SET 2
(CHAPTER 5)
DISCUSSION QUESTIONS
1) Discuss the following statements are true or false.
a) In the figure below, the factor responsible for the decline in the interes
ECON 311
Fall 2012
Instructor: Elif Akbostanc
T. A. : Ezgi elik
PROBLEM SET 1 (CHAPTER 4)
A. PROBLEMS
1) Suppose you are a civil engineer and you are offered a building project. The project will last four
years and the benefits and costs of the project in
METU, FEAS
ECON 311
Inst: Elif Akbostanc
TA: Ezgi elik
Fall 2012
PROBLEM SET 5
(CHAPTER 8)
PART I. DISCUSSION QUESTIONS
1)
a) Suppose that Murat Boz has just finished a new album and it will be sold for 15 TL.
Fortunately, you come across a peddler who se
METU, FEAS
ECON 311
Inst: Elif Akbostanc
TA: Ezgi elik
Fall 2012
PROBLEM SET 5
(CHAPTER 8)
PART I. DISCUSSION QUESTIONS
1)
a) Suppose that Murat Boz has just finished a new albume and it will be sold for 15 TL.
Fortunately, you come across a peddler who s
METU, FEAS
ECON 311
Inst: Elif Akbostanc
TA: Ezgi elik
Fall 2012
PROBLEM SET 4
(CHAPTER 6-Term Structure)
A. DISCUSSION QUESTIONS
1)
a) Draw the yield curve for the bonds with 5 years to maturity. The first bond is a municipal
bond with 3% interest rate,
METU, FEAS
ECON 311
Inst: Elif Akbostanc
TA: Ezgi elik
Fall 2012
PROBLEM SET 4
(CHAPTER 6-Term Structure)
1)
a) Drow the yield curve for the bonds with 5 years to maturity. The first bond is a municipal
bond with 3% interest rate, the second bond is a cor
`
MIDDLE EAST TECHNICAL UNIVERSITY
LABOR MOBILITY AND ECONOMIC GROWTH: THEORIES AND
ECONOMIC MODEL ANALYSIS
A TERM PAPER SUBMITTED IN PARTIAL FULFILLMENT
OF THE REQUIREMENTS OF THE COURSE ECON 466
DEPARTMENT OF ECONOMICS
BY
MAHMOOD HASAN
FALL, 2016
Abstra
Mishkin ch.14: The Money Supply Process
R Objective: Show how the Fed controls stocks of money; focus on M1.
- Macro theory simply assumes that the Fed can set M via open market operations.
- Point here: control is indirect relies on assumptions about ban